The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-06-02
CONDITION OF THE MARKETS
The Chicago ManipulatOrs Obtain Pos
session of About All the Cash Wheat.
The Market Opens Amid Considerable Excite
ment. and Prices FIuctuate Wildly for
Time-PrOvisions Strong and Higher.
MONEY, BONDS AND STOCKS.

A Quiet Market, n Half Dozen Stocks Mo-
nopoIizinG the Bulk of the Dealings.
NEW YORK, June Money on call was
easy at a a 6iper cent, the last loan being made
mt per cent. closing at per cent. offered.
Prime mercantile paper. 06 per cent
Sterling exchange dull at 81 S53 for sixty day
bills and 81 86s for demand The total sales
Of stocks to-day were 2l6, 436 shares, including
she following: Delaware. Lackawanna &
Western, 1850; Fort Worth e. Denver, 3,3l0
Lake Shore, 1850; Missouri Pacific, $780,
Northwestern, 1900; New Jersey Central,
4,175; Reading assessment paid) 63,320; St.
Paul, IL $50; Western Union. 1920
The stock market to day was more quiet, and
with very little feature of Importance in the gen.
eral list A half dozen stocks monopolIzed the
majority Of the dealings and in the remainder
fluctuations slight and without special i'm
portance. The sentiment was moderately bull
lsh, however, throughout the day, although the
improvement in prices was accomplished before
noon, and considerably one-t third of the to-
tai transactions of the day was done in the first
hour. Reading again the special feature. be-
ing very acJive and strong. There was consider
able excitement in the stock, there being rush
to buy at the opening; most of the advantage
retained TO the close. Jersey
Central also prime favorite,
but the other coalers barely held
their own. The grangers were moderately act
i've and firm on buying orders from Chicago, but
the trunk lines were dull and featureless. One
of the special favorites of the day was Wheel
ing a. Lake Erie, whit was freely purchased
upon favorable reports of the business of the
road. Fort Worth 81 Denver was ae ain the con-
spicuousy weak stock, although one or two of
the specialties were decidedly weak. The open
ing was about steady, the changes from last
evenings prices being for slight fractions only,
which were very evenly divided between gains
and losses. There was moderately active
business in the first hour, in which the coal
stocks, the grangers and Wheeling % Lake Erie
early became prominent Prices were strong from
the opening, and material advances were made
over the entire list. Toward noon the market
became dull and prices began to sag In the
last hour there a renewal of the firm tone,
accompanied by a little more animation. and
the close was quiet but steady to firm, close to
the best prices reached. Sales, 216.4 1876 shares
Reading, Go $780, Wheeling & Lake Erie. 10, 100;
St Paul. 1880; Lackawanna, 11.050. The
final changes are very irregular, but generally
for insignificant fractions only. Fort Worth &
Denver, however, il Town II. and Oregon I'M
provement T.
Railroad bonds were dull for the majority of
the issues but a limited trading in large lots
'ran the total sales of Mexican Central tours up
to $2l7. 900, Atlantic 81 Pacific incomes to $l47,
900. and the tours to 100000 Total sales,
81, 459 900. The market was devoid of feature.
fractions only, though advances are in major
sity. Northwestern debentures 81, to no.
Mexican Central fours, %, to "A; Texas Central
tsevens of 1909 3, to 81, and Milwaukee. Lake
Shore e. Western incomes. 2, to 1G4. Wabash,
St Louis division sevens declined 3, to 113.
Government bonds were dull and steady.
State bonds dull and steady. Closing
ttnr